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The most recent financial statements for Moira's Manufacturing Co. are shown here: Income Statement Balance Sheet Sales $98,000 Current assets $ 39,000 Debt $ 49,000

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The most recent financial statements for Moira's Manufacturing Co. are shown here: Income Statement Balance Sheet Sales $98,000 Current assets $ 39,000 Debt $ 49,000 Costs 74,000 Fixed assets 101,000 Equity 91,000 Taxable income $24,000 Total $ 140,000 Total $140,000 Tax (21%) 5,040 Net Income $ 18,960 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external financing is possible. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Internal growth rate %

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